Corruption Currents: From JP Morgan’s Spreadsheet to Panama Reports

Wall Street Journal

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Bribery:

Mike Lucas

A probe of J.P. Morgan Chase & Co.’s hiring practices in China spread across Asia, sources told Bloomberg. The Justice Department has joined the SEC’s probe. The bank assembled a task force to investigate its hiring practices, a source said to The Wall Street Journal. A spokesman said the bank is cooperating with regulators. (Bloomberg, Reuters, Wall Street Journal, Financial Times sub req)

A former Indonesian police chief tried a last ditch effort to avoid prison by allegedly attempting to bribe prosecutors inside the courtroom. His legal team denied any knowledge of the gambit. The KPK will investigate. (Jakarta Post, Jakarta Post)

Private health care firms in the U.K. were accused of bribing doctors to send patients for expensive treatment at their clinics. Individual firms rejected the claims made in the report. (Daily Telegraph)

A local Chinese official who became known as Watch-Wearing Brother last year is on trial this week for alleged bribery. (WSJ China Real Time)

An op-ed says lawyers need to get off the FCPA gravy train. (Reuters Breakingviews)

The FCPA Blog thinks an Indonesian bribery scandal might spread. The FCPAProfessor takes some notes on Canada’s first individual foreign bribery conviction. Tom Fox concludes his series on the best article ever.

Client alerts from law firms explain what multinational companies can learn from the GlaxoSmithKline PLC case in China. (JD Supra)

Cybercrime:

Media outlets stepped up their fight against cyber attackers who threaten to disseminate false reports and disrupt their ability to publish the news. One group, the Syrian Electronic Army, explained its motives. But are they merely annoying? (Financial Times sub req, Now This News, Slate)

Fighter jets and parts seized in Panama from a North Korean ship were likely intended for use by Pyongyang, an apparent violation of U.N. sanctions. Panama’s public safety ministry said the cargo “undoubtedly violates U.N. sanctions, which supports the course of action Panama took.” (Al Jazeera, Guardian, AFP)

Many executives express concerns about their existing cyber incident response plans, despite a number of high-profile breaches. The uncertainty surrounding cyber incident response presents an opportunity to educate the executive team on cyber resilience, the coordinated set of enterprisewide activities designed to help organizations respond to, and recover from, a variety of cyber incidents, while reducing their impact to business operations, cost and brand damage.

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